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Payments under the Wealth Partaking Scheme begin soon

The annual cash handouts have been made to the territory’s permanent and non-permanent residents since 2008.

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The annual cash handouts have been made to the territory’s permanent and non-permanent residents since 2008.

ARTICLE BY

PUBLISHED

READING TIME

Less than 1 minute Minutes

Macao’s regular cash handouts to residents, formally known as the Wealth Partaking Scheme, will take place from tomorrow, the Financial Services Bureau says.

Under the scheme, the territory’s 708,041 permanent residents and 35,347 non-permanent residents will respectively receive payments of 10,000 patacas and 6,000 patacas each by bank transfer or cheque.

Pensioners will be given their handouts first, with other payments happening in phases until 4 August.

Residents of Macao have benefited from the Wealth Partaking Scheme since 2008, when it was introduced to alleviate hardship stemming from the previous year’s global financial crisis.

[See more: Employees in Macao feel overworked and underpaid, a new survey finds]

Since then, the sums disbursed have only decreased twice – in 2010 and 2011 – but have otherwise grown to their present levels from the original 5,000 patacas and 3,000 patacas respectively paid to permanent and non-permanent residents.

Anyone with queries about the handouts can visit dedicated counters at the Service Centre of the Municipal Affairs Bureau located at China Plaza, the Macao Government Services Centre situated at Rua Nova da Areia Preta, or the Macao Government Services Centre in Islands located in Taipa at 225, Rua de Coimbra.

The counters will be open from Monday to Friday (except public holidays) from 9:00 am to 6:00 pm. Calls can also be made to the service hotline, 2822 5000.

 

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